Home Loan amortisation schedule

Here is an overview of the information you will get access to through your home loan amortisation schedule.

• Instalment number: Every EMI will have a serial number with payment details in corresponding rows.
• Due date: This is the date on which each loan payment will be due.
• Opening principal: This is the principal amount at the start of each month on which interest will be charged.
• Instalment amount: This is the EMI or monthly repayment amount which can change with interest rate fluctuations.
• The principal amount repayment: This is the EMI component that goes into repaying the principal borrowed.
• The interest component of instalment: This is the EMI component allocated for repaying interest on the opening principal amount. Initially, the interest component makes up a greater portion of the total EMI amount. Steadily, this reduces, and more of the principal gets repaid.
• Closing principal: This is the principal amount that remains to be paid off after the previous EMI payment.
• Interest rate per annum - This is the interest rate per annum or yearly and may vary based on the lender. Home loan interest rate impacts the EMI that you have to pay each month.